SC PROJECTS: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
SC PROJECTS
Largest movements
- Cash +€41,442
up €41,442 (+110.1%), from €37,646 to €79,088
mainly Net result for the year (+€64,891) and Other debts (+€62,474)
- Tangible fixed assets -€3,682
down €3,682 (-24.2%), from €15,186 to €11,504
of which Furniture and vehicles: -€7,012
- Receivables after one year -€3,553
down €3,553 (-4.4%), from €80,000 to €76,447
- Receivables within one year +€2,334
up €2,334 (+11.0%), from €21,217 to €23,551
of which Other amounts receivable: +€2,334
- Other debts +€62,474
up €62,474 (+236105.6%), from €26 to €62,500
- Tax, wage and social debts -€12,611
no longer reported in 2025 (was €12,611)
- Reserves -€9,609
down €9,609 (-7.2%), from €134,201 to €124,592
- Current portion of long-term debt -€3,030
down €3,030 (-74.9%), from €4,045 to €1,015
- Gross operating margin +€47,419
up €47,419 (+106.8%), from €44,398 to €91,817
- Taxes +€6,363
up €6,363 (+53.9%), from €11,803 to €18,166
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €154,979 | €191,452 | +€36,473 | +23.5% |
| Fixed assets | 21/28 | €15,186 | €11,504 | -€3,682 | -24.2% |
| Tangible fixed assets | 22/27 | €15,186 | €11,504 | -€3,682 | -24.2% |
| Land and buildings | 22 | €1,086 | €5,022 | +€3,937 | +362.5% |
| Plant, machinery and equipment | 23 | €1,213 | €607 | -€607 | -50.0% |
| Furniture and vehicles | 24 | €12,887 | €5,875 | -€7,012 | -54.4% |
| Current assets | 29/58 | €139,793 | €179,949 | +€40,156 | +28.7% |
| Amounts receivable after more than one year | 29 | €80,000 | €76,447 | -€3,553 | -4.4% |
| Other amounts receivable | 291 | €80,000 | €76,447 | -€3,553 | -4.4% |
| Amounts receivable within one year | 40/41 | €21,217 | €23,551 | +€2,334 | +11.0% |
| Trade receivables | 40 | €10,520 | €10,520 | = | 0.0% |
| Other amounts receivable | 41 | €10,697 | €13,031 | +€2,334 | +21.8% |
| Cash at bank and in hand | 54/58 | €37,646 | €79,088 | +€41,442 | +110.1% |
| Deferred charges and accrued income | 490/1 | €929 | €862 | -€67 | -7.2% |
| Total equity and liabilities | 10/49 | €154,979 | €191,452 | +€36,473 | +23.5% |
| Equity | 10/15 | €134,701 | €125,092 | -€9,609 | -7.1% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €134,201 | €124,592 | -€9,609 | -7.2% |
| Distributable reserves | 133 | €134,201 | €124,592 | -€9,609 | -7.2% |
| Amounts payable | 17/49 | €20,278 | €66,360 | +€46,082 | +227.3% |
| Amounts payable after more than one year | 17 | €1,015 | - | -€1,015 | |
| Financial debts | 170/4 | €1,015 | - | -€1,015 | |
| Amounts payable within one year | 42/48 | €19,263 | €66,360 | +€47,097 | +244.5% |
| Current portion of amounts payable after more than one year | 42 | €4,045 | €1,015 | -€3,030 | -74.9% |
| Trade debts | 44 | €2,580 | €2,845 | +€265 | +10.3% |
| Suppliers | 440/4 | €2,580 | €2,845 | +€265 | +10.3% |
| Taxes, remuneration and social security | 45 | €12,611 | - | -€12,611 | |
| Taxes | 450/3 | €12,611 | - | -€12,611 | |
| Other amounts payable | 47/48 | €26 | €62,500 | +€62,474 | +236105.6% |
| Non-recurring operating income | 76A | - | €437 | +€437 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,085 | €9,943 | -€142 | -1.4% |
| Other operating charges | 640/8 | €890 | €765 | -€125 | -14.0% |
| Gross operating margin | 9900 | €44,398 | €91,817 | +€47,419 | +106.8% |
| Operating profit (loss) | 9901 | €33,423 | €81,109 | +€47,686 | +142.7% |
| Financial income | 75/76B | €2,088 | €2,047 | -€41 | -2.0% |
| Recurring financial income | 75 | €2,088 | €2,047 | -€41 | -2.0% |
| Financial charges | 65/66B | €110 | €99 | -€12 | -10.4% |
| Recurring financial charges | 65 | €110 | €99 | -€12 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | €35,401 | €83,057 | +€47,656 | +134.6% |
| Income taxes | 67/77 | €11,803 | €18,166 | +€6,363 | +53.9% |
| Profit (loss) for the period | 9904 | €23,599 | €64,891 | +€41,293 | +175.0% |
| Profit (loss) for the period to be appropriated | 9905 | €23,599 | €64,891 | +€41,293 | +175.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.